Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026
Bitcoin (BTC) skilled a slight rebound after reaching a close to eight-month low of $87,500 on Wednesday. By Thursday, the main crypto surged again towards $90,000. However, market professional Leshka warns that this temporary enhance might sign solely the beginning of a brand new distribution section for Bitcoin, as promoting strain continues to construct.
Possible Bottom Between $40,700 And $47,500
In a latest post on X (previously Twitter), Leshka assessed Bitcoin’s place on the weekly chart, figuring out essential demand zones between $40,700 and $47,500 that would take form all through 2026.
She steered that these ranges may symbolize the underside for Bitcoin throughout the anticipated bear market. If such forecasts materialize, this might point out value drops of 47% to 54% from present values.
Despite these potential lows, Leshka stays optimistic about Bitcoin’s long-term trajectory. She talked about that if these value targets are met, Bitcoin might rebound dramatically, reaching new all-time highs of round $150,000 by 2027.
In the fast time, nonetheless, bears seem to have the higher hand available in the market. Analyst Ali Martinez just lately famous that the TD Sequential indicator, which is designed to sign potential market reversals, has flashed a promote sign for Bitcoin.
Historically, this indicator has been a dependable predictor of value corrections, with previous occurrences leading to drops of 78% and 32%. A median correction based mostly on these earlier downturns would point out a potential value goal of $40,000, aligning with Leshka’s forecasts for Bitcoin.
Analyst Predicts Temporary Rally For Bitcoin
Technical evaluation from Crypto Feras additionally contributes to this bearish sentiment. He identified that Bitcoin has breached its 50-day transferring common (MA50) positioned above $102,000, suggesting {that a} interval of reflection is so as.
Feras indicated that the exponential transferring averages (EMA89-99) might present preliminary assist at $88,500, usually facilitating a short-term “bearish retest” of the MA50 after a breakdown.
The analyst famous that this potential rally normally lasts for 2 to 5 weeks and might even see each Bitcoin and altcoins behave positively, regardless that traders may misread it as a return to a bull market.
Additional assist is famous at $84,000, which may very well be briefly retested. Feras steered that this situation may symbolize a ultimate bear entice earlier than a extra prolonged downturn, a historic development that would repeat itself.
He additionally addressed the query of when the market may shift again into “bull mode.” According to Feras, Bitcoin will stay in a bear market so long as it trades under its weekly MA50.
Once Bitcoin reclaims this vital transferring common, discussions relating to a possible bull market or continuation of a bull trend might resume. Until that occurs, he emphasised that it’s untimely to label Bitcoin’s present section as something however bearish.
Featured picture from DALL-E, chart from TradingView.com
